QQQ

QQQ is in Stage 4 decline with confirmed support failure and downward EMAs, establishing a medium-term bearish bias. Price is below the 9/20/50 EMAs and in an extremely oversold state, suggesting a likely relief bounce. Long-term uptrend remains supported by a rising 200 DMA. Execution should be deferred (Trim) to await a pullback into resistance zones before engaging.

• ↑Five-year return of +108% sits above upward-sloping long-term MA.
• ↑Momentum Indicator >0, MACD positive, 82% probability for trend continuation.
• ↓Treasury yields near 4.5% elevate volatility, prompting defensive shifts.